Shelby County, TN's GO Bonds Rated 'AA+/A-1+' Nov 00
- ID: 2053216
- November 2000
- Standard & Poors
NEW YORK (Standard & Poor's CreditWire) Nov. 28, 2000--Standard & Poor's today assigned its double-'A'-plus/ 'A-1'-plus rating to Shelby County, Tenn.'s $21.8 million GO weekly adjustable fixed-rate refunding bonds series 2001A. The bonds are scheduled to sell Dec. 1, 2000. Standard & Poor's also affirmed its double-'A'-plus rating on Shelby County's $833.4 million GO bonds. Shelby County's long-term GO rating is based upon the full faith and credit of the county and reflects: -- An expanding and diversified regional economic and employment base; -- Sound financial performance and position; and -- An aggressive, but manageable, capital program. The short-term rating on the bonds is based on a standby bond purchase agreement (SBPA) provided by Morgan Guaranty Trust Company (double-'A'/'A-1'-plus). The...
Companies mentioned in this report are:
- Shelby Cnty
Action: New Rating
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Research type: News
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